FG UNVEILS POST-CRUDE OIL ECONOMIC BLUEPRINT

The Minister of Science and Technology, Dr. Ogbonnaya Onu says the various policies of the Ministry were conceived to prepare Nigeria for a post- crude oil era when oil will no longer be dominant in the economy.

Dr. Onu said this while addressing via skype participants of senior Executive course no. 42 2020 of the National Institute for Policy and Strategic Studies, Kuru, Jos, Plateau state.

Dr. Onu said the National Policy on Methanol Fuel Production Technology approved by the Federal Government in 2018 will, when fully implemented, significantly impact many sectors of the economy.

“Methanol is a solvent, and an anti-freeze agent. It is a starting material for the production of thousands of products which we use in our everyday life, most of which are currently imported”.

The Minister said the Methanol Fuel Policy will rejuvenate the power, energy, manufacturing and transportation sectors in an environmentally friendly way.

Said he: “Methanol is the best way to utilize our huge gas resources, by adding value through conversion from natural gas to methanol, as against exporting our gas in its native state merely as a commodity.”

Other policies are the National Science, Technology and Innovation Roadmap (NSTIR) 2017 – 2030; National Strategy for Competitiveness in Raw Materials and Product Development in Nigeria; Presidential Executive Order No. 5, and National Leather and Leather Products Policy.

Dr. Onu added that the Ministry is currently working with stakeholders to review Nigeria’s Biotechnology policy, adding that policy on Nano-technology is also in the offing.

The policies, according to Dr. Onu, would be faithfully implemented to create jobs, fight poverty and industrialize the nation.

Dr. Onu said the National Strategy for Competitiveness et all will transmute Nigeria from a mono-product to a knowledge based economy driven by Science, Technology and Innovation to meet our needs and be export driven. 

The National strategy for Competitiveness in Raw Materials and Products Development will catapult Nigeria to a globally competitive economy that is less dependent on commodities.

The Executive Order 05, for Planning and Execution of Projects; Promotion of Nigerian Content in Contracts, Science, Engineering and Technology Is already facilitating Nigeria’s industrialization and would make Nigeria move from a 3rd to a first world economy in a relatively short time, Dr. Onu added.

According to the Minister, the Ministry is making further efforts to eradicate poverty through commercialization of research findings and empowering Nigerians on skills capacity such as machine fabrication, solar energy and leather technology.

The results of these efforts, has made the National Office for Technology Acquisition and Promotion (NOTAP), to save over N250 Billion for the nation through licensing of technology in the past 6 years.

The National Strategy for Competitiveness in Raw Materials and Products Development and the Presidential Executive Order 05 have also saved close to a Trillion (1TN) for the nation in 2 years, the Minister added.

Research collaboration has also been enhanced among institutes and universities so as to avoid duplication, Dr. Onu concluded.

 

 

ABDULGANIYU AMINU

DIRECTOR, (PRESS AND PR)

FEDERAL MINISTRY OF SCIENCE AND TECHNOLOGY

14TH MAY 2020


Share